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satisfy human wants but do not have material existence.
(Goods/Services/Utility)
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services is your answer
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Services satisfy human wants but do not have material existence.
- A service is an intangible product that cannot be seen or touched physically.
- Service is a type of product that cannot be detached from its owner and also cannot be acquired by the customer.
- Services are perishable meaning they cannot be stored for future use. If you buy a service you have to collect it during the allotted time and cannot store it for the future.
- Services are also varying meaning they differ from one another and depend upon the individual who is delivering you the service.
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